Friday, September 23, 2016

LOONY TUNES no. 174

“And, that was a wrap! Fifty-three speakers, 35 topics, and one didactic event! It’s great to be a part of such an incredible global event, where you have all the ‘social media gurus’ under one roof. This year’s global theme was The Invisible Hand: Hidden Forces of Technology (and How We Can Harness it for Good), and the Social Media Week’s events were held in the bustling city of Mumbai. What a week!”

“once the government steps in and starts mandating a $15 hourly wage.”

3

Dong Dengxin, Director of the Financial Securities Institute at Wuhan University of Science and Technology posts(22 September) on Global TimesHERE

“New rules for IPOs are a cure for market dysfunction”

“To put the market on the right track requires necessary macroeconomic fine-tuning. Otherwise, the capital market is likely to further distort social resource allocation and consequently detract from balanced regional economic development. The invisible hand of the market is inherently flawed and should therefore be accompanied by the visible hand of the government that serves to powerfully rectify the defects. This is part of the basic understanding of economics. As such, the new policy that puts companies registered in the laggard regions on top of the waiting list for market flotation helps rectify this capital market dysfunction.”

“It has no way forward even as a credible opposition so long as it follows Corbyn's vicious, vacuous creed. …

… “Elsewhere, Corbyn’s supporters explain away the terrible opinion polls by saying that they are the bitter fruits of a Tory conspiracy. Not stopping there, they go on to see the invisible hand of MI5 raised against them everywhere from Twitter to the BBC.